The San Carlos Real Estate Week in Review: 2/24/2020.

The Recap.

The President's Day weekend and ski week for the San Carlos School District is now out of the way, and the local real estate market is back in full swing.  Seven new single-family homes listed last week, and five existing listings were put into contract.  Two of those listings that found buyers had been on the market for over 100 days, which shows that every house indeed has its price — you just may have to wait 3-4 months for the two to meet.

Listing activity should start to pick up as we head into March and the heart of the spring real estate market.  There are no major holiday or long weekends to encumber the market, so if history repeats itself we should be entering the most active time of the year for San Carlos real estate.

Here are the sales numbers from last week:

The Numbers.

Below is a high-level view of the market performance for single-family residences (SFR) in San Carlos. This data is for the 7-day period ending Sunday 2/23/2020:

San Carlos SFR Data	2/23/20	Prior Week
Number of Closed Sales:	3	3
Average Sales Price:	$1,848,333	$2,141,667
Median Sales Price:	$1,875,000	$2,290,000
Average % Sold vs List Price:	102%	107%
Average DOM of Closed Sales	22	2
Average $/Sq Foot (Sold)	$1,099	$1,260
No. of New Listings:	7	0
Total # of Active Listings:	15	12
Average Price of Active Listings:	$2,545,985	$2,904,815
Average DOM of Active Listings:	48	66
Average $/Sq Foot (List)	$1,019	$1,006
Total # of Homes Pending Sale:	13	11
Active-Pending Ratio:	1.2 : 1	1.1 : 1

The San Carlos Open House Page.

If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.

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San Carlos Single-Family Residences Sold:

Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.

Address	Sold Price	Orig. List	Difference	$/Sq Foot	DOM (days)
128 Hillcrest Road (off-market)	$2,340,000	$2,340,000	$0 (0%)	$963	0
142 Exeter Avenue	$1,875,000	$1,998,000	-$123,000 (-6.2%)	$656	66
1022 Cherry Street (off-market)	$1,330,000	$1,198,000	+$132,000 (+11.0%)	$1,529	0

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San Carlos Single-Family Homes Pending Sale:

The following single-family homes went into contract in San Carlos last week. Click on the address of each home to see more details and photos:

Address	List Price	DOM (days)
230 Pearl Avenue	$1,925,000	178
845 Somerset Court	$1,995,000	112
3210 Melendy Drive	$2,229,000	9
124 Mesa Verde Way	$3,100,000	17
480 Erlin Drive	$3,250,000	16

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New Single-Family Home Listings in San Carlos:

Below are the new listings that hit the market this past week in San Carlos. Click on the address of each home to see more details and photos:

Address	List Price	BR/BA	Sq Ft (home/lot)	Listed By
1481 Crestview Drive	$2,700,000	4BR/2.5BA	2,950/10,048	Joyce and Tatum, Dwell
742 Dartmouth Avenue	$2,298,000	4BR/3BA	2,186/7,250	Claire Zhou, Compass
510 De Anza Avenue	$1,895,000	3BR/2.5BA	1,830/5,650	John Shroyer, Golden Gate Sothebys
453 Clifton Avenue	$1,888,000	4BR/3BA	2,060/6,324	Debbie Wilhelm, Coldwell Banker
2648 Howard Avenue	$1,795,000	3BR/2BA	1,491/5,650	Brian Ayer, Golden Gate Sothebys
186 Wildwood Avenue	$1,695,000	2BR/2BA	1,500/6,048	John Shroyer, Golden Gate Sothebys
539 Hillcrest Road	$1,650,000	3BR/2BA	1,360/5,800	David Young, Coldwell Banker

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